Quarterly PW Commentaries

Q4 2014 - Equities Mostly Positive in 2014 - On the year as a whole, North American markets were positive. The S&P/TSX closed the year up 10.5%, while the S&P 500 ended up 23.9% (measured in Canadian dollars). Internationally, China (as measured by the Shanghai Composite Index) was one of the best performing stock markets both on a quarterly (up 40.4%) and annual basis (up 62.6%).